NGL Energy Partners NGL Business Segments
| TTM Q4 '26 | TTM Q3 '26 | TTM Q2 '26 | TTM Q1 '26 | TTM Q4 '25 | ||
|---|---|---|---|---|---|---|
| Total revenues by Business | ||||||
| Crude Oil Logistics | $1.05B+21.5% | $867.76M+16.7% | $743.51M-3.1% | $767.32M-12.8% | $879.9M-11.8% | |
| Liquids Logistics | $1.26B-15.0% | $1.48B-12.8% | $1.7B-4.8% | $1.79B-2.4% | $1.83B— | |
| Water Solutions | $838.91M+1.7% | $824.73M+2.7% | $803.43M+3.6% | $775.56M+2.6% | $755.69M+4.4% | |
| Segment Reporting, other items by Business | ||||||
| Crude Oil Logistics | -$33K-925% | $4K+33.3% | $3K-25.0% | $4K+100% | $2K-91.4% | |
| Liquids Logistics | $2K-99.9% | $2.93M+103% | $1.44M-1.4% | $1.46M-0.2% | $1.47M+200% | |
| Water Solutions | -$5.38M-213% | $4.75M+46.5% | $3.24M+79.9% | $1.8M+26.3% | $1.43M+7.5% | |
| Non-Topic 606 revenues by Business | ||||||
| Crude Oil Logistics | $5.06M-6.2% | $5.4M-10.2% | $6.01M-8.5% | $6.57M-6.0% | $6.99M-6.8% | |
| Liquids Logistics | $9.61M-2.8% | $9.89M-16.9% | $11.91M-6.8% | $12.78M-7.6% | $13.83M— | |
| Water Solutions | $112K+6.7% | $105K+75.0% | $60K0.0% | $60K0.0% | $60K-72.6% | |
| Segment Reporting, cost of sales by Business | ||||||
| Crude Oil Logistics | $954.74M+23.5% | $773.01M+19.5% | $646.7M-3.4% | $669.33M-13.4% | $772.67M-24.0% | |
| Liquids Logistics | $1.18B-15.7% | $1.4B-13.1% | $1.61B-4.7% | $1.69B-2.2% | $1.73B+10.3% | |
| Water Solutions | $8.06M+694% | -$1.36M-396% | -$274K+88.1% | -$2.31M-9.6% | -$2.11M-135% | |
| Segment Reporting, operating, general and administrative expenses by Business | ||||||
| Crude Oil Logistics | $40.92M+2.0% | $40.13M-0.2% | $40.2M-1.2% | $40.67M-0.5% | $40.87M-2.8% | |
| Liquids Logistics | $35.95M-4.8% | $37.76M-10.8% | $42.32M-10.4% | $47.24M-7.9% | $51.31M-4.2% | |
| Water Solutions | $222.75M+1.2% | $220.06M-0.4% | $221.02M+0.6% | $219.65M+1.1% | $217.22M+1.7% | |
| Total Assets by Business | ||||||
| Crude Oil Logistics | $4.26B-6.1% | $4.54B-3.1% | $4.68B-3.0% | $4.82B-5.5% | $5.11B-3.2% | |
| Liquids Logistics | $1.53B-9.5% | $1.69B-14.9% | $1.99B-13.5% | $2.3B-10.9% | $2.58B-5.1% | |
| Water Solutions | $11.04B+0.1% | $11.03B-0.2% | $11.05B-1.3% | $11.19B-0.7% | $11.27B-0.8% | |
| Adjusted EBITDA by Business | ||||||
| Crude Oil Logistics | $58.94M+7.9% | $54.62M-3.5% | $56.61M-1.2% | $57.32M-13.6% | $66.37M-11.5% | |
| Liquids Logistics | $45.48M-1.7% | $46.28M-6.8% | $49.65M-1.7% | $50.5M-5.4% | $53.37M+8.9% | |
| Water Solutions | $602.73M-0.2% | $604.14M+3.7% | $582.3M+4.1% | $559.26M+3.2% | $542M+5.4% | |
| (Gain) loss on sales and write-downs of certain assets by Business | ||||||
| Crude Oil Logistics | $267K— | —— | —— | —— | —— | |
| Liquids Logistics | -$19K-35.7% | -$14K+97.8% | -$641K— | —— | —— | |
| Water Solutions | $18.04M+33.2% | $13.54M-13.3% | $15.61M+39.7% | $11.18M+14.5% | $9.76M-73.5% | |
| CapEx by Business | ||||||
| Crude Oil Logistics | $6.74M+28.4% | $5.25M-10.6% | $5.87M-5.7% | $6.22M-10.0% | $6.92M+0.2% | |
| Liquids Logistics | $7.06M-1.9% | $7.2M-9.5% | $7.95M-22.7% | $10.29M-15.6% | $12.2M-11.8% | |
| Water Solutions | $221.26M-2.3% | $226.52M+85.5% | $122.12M-24.8% | $162.46M-22.0% | $208.17M+1.0% | |
| Total revenues by Product | ||||||
| Product | $2.4B-0.8% | $2.42B-3.3% | $2.5B-3.5% | $2.59B-5.6% | $2.74B-3.1% | |
| Service | $759.97M-0.3% | $761.97M+1.4% | $751.58M+1.2% | $742.61M+2.3% | $726.23M+3.0% | |
| Topic 606 revenues, excluding assessed tax by Product | ||||||
| Butane sales | $553.63M-2.4% | $567.23M-11.4% | $640.41M-1.5% | $649.92M+0.2% | $648.3M-4.2% | |
| Crude oil sales | $1.13B+22.0% | $930.55M+16.9% | $795.78M-1.2% | $805.61M-12.0% | $915.66M-11.3% | |
| Crude oil transportation and other | $29.33M-21.7% | $37.44M-22.2% | $48.12M-17.3% | $58.18M-12.2% | $66.26M+2.2% | |
| Disposal service fees | $714.69M+0.8% | $709.21M+3.1% | $687.87M+3.6% | $663.76M+4.2% | $637.1M+5.3% | |
| Other product sales | $360.21M-3.4% | $373.08M-3.3% | $385.95M-3.2% | $398.82M-3.1% | $411.69M+2.1% | |
| Other revenues | $4.88M+25.3% | $3.9M+5.0% | $3.71M-56.2% | $8.46M-17.9% | $10.31M-21.5% | |
| Propane | $336.08M-37.2% | $535.35M-18.6% | $657.49M-8.1% | $715.5M-4.8% | $751.38M+7.6% | |
| Sale of water | $7.29M-6.7% | $7.81M+5.3% | $7.42M+9.8% | $6.76M-11.4% | $7.63M+18.4% | |
| Total cost of sales by Product | ||||||
| Product | $2.15B+1.5% | $2.12B-3.5% | $2.2B-3.9% | $2.29B-6.2% | $2.44B-3.2% | |
| Service | $29.06M-23.3% | $37.9M-23.6% | $49.6M-21.5% | $63.2M-9.4% | $69.75M-8.1% | |
| Fair Value of Net Assets (Liabilities) by Product | ||||||
| Butane sales | -$8.6M-394% | $2.93M+257% | -$1.86M+75.4% | -$7.55M+44.3% | -$13.56M+11.4% | |
| Crude oil sales | -$24.75M-226% | -$7.59M+40.6% | -$12.78M-0.2% | -$12.75M-26.2% | -$10.1M-52.8% | |
| Propane | -$1.57M— | —— | —— | —— | —— | |
| Derivative, Nonmonetary Notional Amount by Product | ||||||
| Butane sales | $3.04M+4.4% | $2.91M-8.2% | $3.17M-18.8% | $3.91M-8.3% | $4.26M+4.1% | |
| Crude oil sales | $1.81M+54.4% | $1.17M+34.2% | $875K+71.9% | $509K-24.8% | $677K-25.6% | |
| Propane | -$743K— | —— | —— | —— | —— | |
| Interest rate swap fixed interest rate by Product | ||||||
| March interest rate swap | 17.3%0.0pp | 17.3%0.0pp | 17.3%0.0pp | 17.3%0.0pp | 17.3%— | |
| Income taxes paid (net of income tax refunds) by Geography | ||||||
| CANADA | $431K+1.2% | $425.75K+1.2% | $420.5K+1.3% | $415.25K+1.3% | $410K-20.3% | |
| TEXAS | $675K-10.1% | $750.5K-9.1% | $826K-8.4% | $901.5K-7.7% | $977K+11.9% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does NGL Energy Partners break its business down?
- NGL Energy Partners (NGL) reports total revenues by business across 3 parts — Crude Oil Logistics, Liquids Logistics and Water Solutions. Each is extracted from the segment footnotes and tracked over time.
- Where does NGL Energy Partners's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in NGL Energy Partners's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
